Lantronix SEC Filings

Lantronix (LTRX) Form 4: Director James C. Auker reported the vesting and conversion of restricted stock units into common stock and a new RSU grant. On 11/05/2025, 10,387 RSUs vested and converted into 10,387 shares of common stock at a price of $0 (Code M), leaving 10,387 common shares beneficially owned directly.

Separately, on 11/04/2025, the director received 17,081 new RSUs. The award vests one half six months after the July 23, 2025 grant date and the remaining half on the first anniversary of that date, for full vesting after one year. Following these transactions, 17,081 derivative securities (RSUs) are beneficially owned directly.

Lantronix, Inc. reported results of its 2025 Annual Meeting held on November 4, 2025. Stockholders elected six directors to serve until the 2026 meeting. They ratified Baker Tilly US, LLP as independent auditor with 28,012,267 votes for, 114,577 against, and 44,326 abstentions.

On advisory items, stockholders approved executive compensation with 19,700,633 for, 1,269,494 against, and 151,328 abstentions. They also recommended holding the advisory vote on pay every 1 Year with 19,248,160 votes in favor. The Board will continue annual say‑on‑pay votes consistent with this outcome.

Lantronix (LTRX) filed its Q1 FY2026 10‑Q, reporting lower sales but improved loss. Net revenue was $29.8 million, down 13.4% year over year, as Embedded IoT, IoT System Solutions, and Software & Services each declined. Gross margin rose to 44.8% on mix and lower logistics/tariff costs. Operating expenses fell to $14.9 million, helping narrow the net loss to $1.4 million, or $0.04 per share, from a $2.5 million loss last year.

Cash and cash equivalents were $22.2 million, and operating cash flow was $3.6 million. The company refinanced into a revolving credit facility of up to $15.0 million with Silicon Valley Bank; outstanding debt was $10.8 million (net carrying amount $10.7 million) with $1.9 million of availability as of September 30, 2025, and it was in compliance with covenants. By region, the Americas grew while EMEA and APJ declined; management cited the absence of shipments to a prior-year customer as a headwind in IoT System Solutions.

Shares outstanding were 39,358,610 as of November 1, 2025.

Lantronix (LTRX) director reported RSU activity and share ownership changes. On 11/03/2025, 9,800 RSUs vested and converted to common stock at $0 (Code M), increasing direct holdings to 221,024 shares. On 11/04/2025, a new award of 17,081 RSUs was reported (Code A), leaving 17,081 RSUs beneficially owned after the transactions.

The reported RSUs were granted on November 5, 2024 and vest half six months after the grant date and half on the first anniversary, converting one-for-one into common stock.

Lantronix (LTRX) director Kevin Palatnik reported equity award activity. On 11/03/2025, 9,800 shares of common stock were issued at $0 upon the vesting of previously granted RSUs, bringing his directly held common stock to 39,599 shares. On 11/04/2025, he acquired 17,081 new restricted stock units (RSUs). The RSUs convert into common stock on a one-for-one basis and, for the referenced grant dated November 5, 2024, vest half after six months and half on the first anniversary.

Lantronix (LTRX) director Narbeh Derhacobian reported equity changes tied to restricted stock units. On 11/03/2025, 9,800 shares of common stock were issued upon RSU vesting (code M) at a stated price of $0. Following this, 34,599 common shares were beneficially owned in direct form.

The filing also shows a new award of 17,081 RSUs on 11/04/2025. The RSUs convert one-for-one into common stock and vest in two equal installments: six months after the 11/05/2024 grant date and on the first anniversary, fully vesting after one year.

Lantronix, Inc. (LTRX) furnished an update on its first fiscal quarter ended September 30, 2025. The company issued a press release with results and provided a transcript of management’s prepared remarks tied to its investor conference call and audio webcast scheduled for 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on November 5, 2025.

Both materials are attached as Exhibits 99.1 and 99.2. A replay of the webcast will be available on the company’s website for one year. The information was furnished under Items 2.02 and 7.01 and is not deemed filed under the Exchange Act.

Lantronix, Inc. (LTRX) reported insider equity activity by President & CEO and Director Saleel Awsare on 11/01/2025. He acquired 156,752 shares of common stock at $0 upon RSU vesting and had 74,535 shares withheld at $4.93 to cover taxes, leaving 373,425 shares beneficially owned directly.

The RSUs were part of an inducement grant from November 20, 2023, vesting one‑third on November 1, 2024, one‑third on November 1, 2025, and the remainder on November 1, 2026. The derivative line reflects the settlement of 156,752 RSUs into common stock.

Bernhard Bruscha, a director of Lantronix, Inc. (LTRX), reported transactions on 10/07/2025 showing the acquisition of 25,000 common shares by direct exercise of stock options at a $3.57 exercise price. After the transaction Mr. Bruscha directly beneficially owns 181,454 shares. He also discloses 5,166,471 shares held indirectly through TL Investment GmbH, where he serves as managing director. The filing is signed by an attorney-in-fact on 10/08/2025. The option exercised had an original grant date of 11/13/2019 and an expiration date of 11/13/2025, and the filing uses transaction code M indicating exercise of derivative security.